Federated Hermes Floating Rate Strategic Income Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.1%
1 yr return
9.3%
3 Yr Avg Return
2.9%
5 Yr Avg Return
2.7%
Net Assets
$457 M
Holdings in Top 10
94.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FFRSX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.73%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Floating Rate Strategic Income Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateDec 03, 2010
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteven Wagner
Fund Description
FFRSX - Performance
Return Ranking - Trailing
Period | FFRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -0.8% | 5.5% | 57.58% |
1 Yr | 9.3% | -5.7% | 33.5% | 88.26% |
3 Yr | 2.9%* | -5.5% | 9.2% | 83.60% |
5 Yr | 2.7%* | -6.6% | 37.5% | 85.11% |
10 Yr | 3.0%* | -1.9% | 19.3% | 69.49% |
* Annualized
Return Ranking - Calendar
Period | FFRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -12.0% | 17.3% | 93.94% |
2022 | -9.5% | -22.9% | 5.1% | 77.82% |
2021 | 0.7% | -12.2% | 12.0% | 65.34% |
2020 | -3.0% | -14.1% | 289.8% | 70.00% |
2019 | 1.9% | -8.1% | 14.6% | 66.81% |
Total Return Ranking - Trailing
Period | FFRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -0.8% | 5.5% | 57.58% |
1 Yr | 9.3% | -5.7% | 33.5% | 88.26% |
3 Yr | 2.9%* | -5.5% | 9.2% | 83.60% |
5 Yr | 2.7%* | -6.6% | 37.5% | 85.11% |
10 Yr | 3.0%* | -1.9% | 19.3% | 69.49% |
* Annualized
Total Return Ranking - Calendar
Period | FFRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.5% | -12.0% | 30.3% | 89.39% |
2022 | -4.9% | -22.9% | 5.1% | 80.16% |
2021 | 4.6% | -10.2% | 19.4% | 57.37% |
2020 | 0.8% | -14.1% | 306.9% | 73.75% |
2019 | 6.7% | -3.6% | 23.8% | 73.28% |
NAV & Total Return History
FFRSX - Holdings
Concentration Analysis
FFRSX | Category Low | Category High | FFRSX % Rank | |
---|---|---|---|---|
Net Assets | 457 M | 35.9 M | 11.9 B | 55.02% |
Number of Holdings | 71 | 2 | 1605 | 94.51% |
Net Assets in Top 10 | 442 M | -191 M | 2.38 B | 20.88% |
Weighting of Top 10 | 94.23% | 5.2% | 100.8% | 3.68% |
Top 10 Holdings
- FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND 80.30%
- FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE 8.51%
- Federated Institutional Prime Value Obligations Fund 1.56%
- Government National Mortgage Association 1.08%
- Fannie Mae REMICS 0.65%
- Fannie Mae REMICS 0.49%
- Fannie Mae REMICS 0.49%
- Freddie Mac REMICS 0.44%
- Freddie Mac REMICS 0.40%
- Freddie Mac REMICS 0.32%
Asset Allocation
Weighting | Return Low | Return High | FFRSX % Rank | |
---|---|---|---|---|
Stocks | 88.81% | 0.00% | 100.76% | 3.66% |
Bonds | 6.38% | 0.00% | 161.82% | 96.70% |
Other | 3.37% | -52.39% | 26.58% | 10.99% |
Cash | 1.56% | -61.90% | 18.85% | 74.36% |
Convertible Bonds | 0.15% | 0.00% | 5.51% | 23.25% |
Preferred Stocks | 0.00% | -3.99% | 6.42% | 54.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFRSX % Rank | |
---|---|---|---|---|
Energy | 100.00% | 0.00% | 100.00% | 3.48% |
Utilities | 0.00% | 0.00% | 100.00% | 47.83% |
Technology | 0.00% | 0.00% | 100.00% | 46.09% |
Real Estate | 0.00% | 0.00% | 48.61% | 34.78% |
Industrials | 0.00% | 0.00% | 100.00% | 60.00% |
Healthcare | 0.00% | 0.00% | 100.00% | 36.52% |
Financial Services | 0.00% | 0.00% | 89.61% | 36.52% |
Communication Services | 0.00% | 0.00% | 100.00% | 72.17% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 44.35% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 52.17% |
Basic Materials | 0.00% | 0.00% | 1.36% | 34.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFRSX % Rank | |
---|---|---|---|---|
US | 88.81% | -0.01% | 100.76% | 3.66% |
Non US | 0.00% | 0.00% | 0.68% | 43.22% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FFRSX % Rank | |
---|---|---|---|---|
Corporate | 85.70% | 0.00% | 141.23% | 74.17% |
Securitized | 10.03% | 0.00% | 91.68% | 5.17% |
Cash & Equivalents | 1.56% | 0.00% | 25.03% | 67.40% |
Derivative | 0.00% | -8.79% | 1.12% | 54.95% |
Municipal | 0.00% | 0.00% | 0.47% | 34.32% |
Government | 0.00% | 0.00% | 3.18% | 45.39% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FFRSX % Rank | |
---|---|---|---|---|
US | 6.38% | 0.00% | 144.71% | 96.70% |
Non US | 0.00% | 0.00% | 63.23% | 63.00% |
FFRSX - Expenses
Operational Fees
FFRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.89% | 0.03% | 12.26% | 68.73% |
Management Fee | 0.60% | 0.00% | 1.89% | 37.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.02% | 0.27% | 42.22% |
Sales Fees
FFRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FFRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FFRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 4.00% | 4.00% | 180.00% | 0.78% |
FFRSX - Distributions
Dividend Yield Analysis
FFRSX | Category Low | Category High | FFRSX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.04% | 0.00% | 11.56% | 61.21% |
Dividend Distribution Analysis
FFRSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FFRSX | Category Low | Category High | FFRSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.73% | 1.77% | 9.82% | 41.04% |
Capital Gain Distribution Analysis
FFRSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.051 | DailyAccrualFund |
Jan 31, 2024 | $0.057 | DailyAccrualFund |
Dec 31, 2023 | $0.063 | DailyAccrualFund |
Nov 30, 2023 | $0.060 | DailyAccrualFund |
Oct 31, 2023 | $0.063 | DailyAccrualFund |
Sep 30, 2023 | $0.061 | DailyAccrualFund |
Aug 31, 2023 | $0.064 | DailyAccrualFund |
Jul 31, 2023 | $0.063 | DailyAccrualFund |
Jun 30, 2023 | $0.060 | DailyAccrualFund |
May 31, 2023 | $0.060 | DailyAccrualFund |
Apr 30, 2023 | $0.061 | DailyAccrualFund |
Mar 31, 2023 | $0.059 | DailyAccrualFund |
Feb 28, 2023 | $0.052 | DailyAccrualFund |
Jan 31, 2023 | $0.056 | DailyAccrualFund |
Dec 31, 2022 | $0.056 | DailyAccrualFund |
Nov 30, 2022 | $0.052 | DailyAccrualFund |
Oct 31, 2022 | $0.049 | DailyAccrualFund |
Sep 30, 2022 | $0.044 | DailyAccrualFund |
Aug 31, 2022 | $0.044 | DailyAccrualFund |
Jul 29, 2022 | $0.037 | DailyAccrualFund |
Jun 30, 2022 | $0.031 | DailyAccrualFund |
May 31, 2022 | $0.032 | DailyAccrualFund |
Apr 29, 2022 | $0.030 | DailyAccrualFund |
Mar 31, 2022 | $0.032 | DailyAccrualFund |
Feb 28, 2022 | $0.030 | DailyAccrualFund |
Jan 31, 2022 | $0.033 | DailyAccrualFund |
Dec 31, 2021 | $0.035 | DailyAccrualFund |
Nov 30, 2021 | $0.032 | DailyAccrualFund |
Oct 31, 2021 | $0.030 | DailyAccrualFund |
Sep 30, 2021 | $0.028 | DailyAccrualFund |
Aug 31, 2021 | $0.028 | DailyAccrualFund |
Jul 31, 2021 | $0.026 | DailyAccrualFund |
Jun 30, 2021 | $0.025 | DailyAccrualFund |
May 31, 2021 | $0.026 | DailyAccrualFund |
Apr 30, 2021 | $0.025 | DailyAccrualFund |
Mar 31, 2021 | $0.023 | DailyAccrualFund |
Feb 28, 2021 | $0.021 | DailyAccrualFund |
Jan 31, 2021 | $0.027 | DailyAccrualFund |
Dec 31, 2020 | $0.032 | DailyAccrualFund |
Nov 30, 2020 | $0.022 | DailyAccrualFund |
Oct 30, 2020 | $0.024 | DailyAccrualFund |
Sep 30, 2020 | $0.022 | DailyAccrualFund |
Aug 31, 2020 | $0.020 | DailyAccrualFund |
Jul 31, 2020 | $0.020 | DailyAccrualFund |
Jun 30, 2020 | $0.021 | DailyAccrualFund |
May 29, 2020 | $0.027 | DailyAccrualFund |
Apr 30, 2020 | $0.030 | DailyAccrualFund |
Mar 31, 2020 | $0.035 | DailyAccrualFund |
Feb 28, 2020 | $0.031 | DailyAccrualFund |
Jan 31, 2020 | $0.035 | DailyAccrualFund |
Dec 31, 2019 | $0.034 | DailyAccrualFund |
Nov 29, 2019 | $0.034 | DailyAccrualFund |
Oct 31, 2019 | $0.035 | DailyAccrualFund |
Sep 30, 2019 | $0.036 | DailyAccrualFund |
Aug 30, 2019 | $0.037 | DailyAccrualFund |
Jul 31, 2019 | $0.038 | DailyAccrualFund |
May 31, 2019 | $0.040 | DailyAccrualFund |
Apr 30, 2019 | $0.039 | DailyAccrualFund |
Mar 29, 2019 | $0.040 | DailyAccrualFund |
Feb 28, 2019 | $0.039 | DailyAccrualFund |
Jan 31, 2019 | $0.042 | DailyAccrualFund |
Dec 31, 2018 | $0.040 | DailyAccrualFund |
Nov 30, 2018 | $0.036 | DailyAccrualFund |
Oct 31, 2018 | $0.036 | DailyAccrualFund |
Aug 31, 2018 | $0.037 | DailyAccrualFund |
Jul 31, 2018 | $0.036 | DailyAccrualFund |
Jun 29, 2018 | $0.035 | DailyAccrualFund |
May 31, 2018 | $0.036 | DailyAccrualFund |
Apr 30, 2018 | $0.034 | DailyAccrualFund |
Mar 29, 2018 | $0.033 | DailyAccrualFund |
Feb 28, 2018 | $0.031 | DailyAccrualFund |
Jan 31, 2018 | $0.033 | DailyAccrualFund |
Dec 29, 2017 | $0.031 | DailyAccrualFund |
Nov 30, 2017 | $0.031 | DailyAccrualFund |
Oct 31, 2017 | $0.033 | DailyAccrualFund |
Sep 29, 2017 | $0.032 | DailyAccrualFund |
Aug 31, 2017 | $0.033 | DailyAccrualFund |
Jul 31, 2017 | $0.033 | DailyAccrualFund |
Jun 30, 2017 | $0.031 | DailyAccrualFund |
May 31, 2017 | $0.032 | DailyAccrualFund |
Apr 28, 2017 | $0.030 | DailyAccrualFund |
Mar 31, 2017 | $0.028 | DailyAccrualFund |
Feb 28, 2017 | $0.026 | DailyAccrualFund |
Jan 31, 2017 | $0.028 | DailyAccrualFund |
Dec 30, 2016 | $0.032 | DailyAccrualFund |
Nov 30, 2016 | $0.029 | DailyAccrualFund |
Oct 31, 2016 | $0.032 | DailyAccrualFund |
Sep 30, 2016 | $0.033 | DailyAccrualFund |
Aug 31, 2016 | $0.033 | DailyAccrualFund |
Jul 29, 2016 | $0.033 | DailyAccrualFund |
Jun 30, 2016 | $0.032 | DailyAccrualFund |
May 31, 2016 | $0.031 | DailyAccrualFund |
Apr 29, 2016 | $0.031 | DailyAccrualFund |
Mar 31, 2016 | $0.031 | DailyAccrualFund |
Feb 29, 2016 | $0.029 | DailyAccrualFund |
Jan 29, 2016 | $0.029 | DailyAccrualFund |
Dec 31, 2015 | $0.030 | DailyAccrualFund |
Nov 30, 2015 | $0.029 | DailyAccrualFund |
Oct 30, 2015 | $0.029 | DailyAccrualFund |
Sep 30, 2015 | $0.029 | DailyAccrualFund |
Aug 31, 2015 | $0.029 | DailyAccrualFund |
Jul 31, 2015 | $0.031 | DailyAccrualFund |
Jun 30, 2015 | $0.032 | DailyAccrualFund |
May 29, 2015 | $0.031 | DailyAccrualFund |
Apr 30, 2015 | $0.029 | DailyAccrualFund |
Mar 31, 2015 | $0.031 | DailyAccrualFund |
Feb 27, 2015 | $0.027 | DailyAccrualFund |
Jan 30, 2015 | $0.030 | DailyAccrualFund |
Dec 31, 2014 | $0.033 | DailyAccrualFund |
Nov 28, 2014 | $0.032 | DailyAccrualFund |
Oct 31, 2014 | $0.030 | DailyAccrualFund |
Sep 30, 2014 | $0.028 | DailyAccrualFund |
Aug 29, 2014 | $0.029 | DailyAccrualFund |
Jul 31, 2014 | $0.029 | DailyAccrualFund |
Jun 30, 2014 | $0.028 | DailyAccrualFund |
May 31, 2014 | $0.030 | DailyAccrualFund |
Apr 30, 2014 | $0.028 | DailyAccrualFund |
Mar 31, 2014 | $0.031 | DailyAccrualFund |
Feb 28, 2014 | $0.028 | DailyAccrualFund |
Jan 31, 2014 | $0.029 | DailyAccrualFund |
Dec 31, 2013 | $0.036 | DailyAccrualFund |
Nov 29, 2013 | $0.030 | DailyAccrualFund |
Oct 31, 2013 | $0.032 | DailyAccrualFund |
Sep 30, 2013 | $0.032 | DailyAccrualFund |
Aug 30, 2013 | $0.033 | DailyAccrualFund |
Jul 31, 2013 | $0.033 | DailyAccrualFund |
Jun 28, 2013 | $0.029 | DailyAccrualFund |
May 31, 2013 | $0.032 | DailyAccrualFund |
Apr 30, 2013 | $0.029 | DailyAccrualFund |
Mar 28, 2013 | $0.031 | DailyAccrualFund |
Feb 28, 2013 | $0.029 | DailyAccrualFund |
Jan 31, 2013 | $0.030 | DailyAccrualFund |
Dec 31, 2012 | $0.038 | DailyAccrualFund |
Nov 30, 2012 | $0.034 | DailyAccrualFund |
Oct 31, 2012 | $0.033 | DailyAccrualFund |
Sep 28, 2012 | $0.034 | DailyAccrualFund |
Aug 31, 2012 | $0.035 | DailyAccrualFund |
Jul 31, 2012 | $0.035 | DailyAccrualFund |
Jun 29, 2012 | $0.038 | DailyAccrualFund |
May 31, 2012 | $0.035 | DailyAccrualFund |
Apr 30, 2012 | $0.033 | DailyAccrualFund |
Mar 30, 2012 | $0.034 | DailyAccrualFund |
Feb 29, 2012 | $0.033 | DailyAccrualFund |
Jan 31, 2012 | $0.038 | DailyAccrualFund |
Dec 30, 2011 | $0.073 | DailyAccrualFund |
Nov 30, 2011 | $0.036 | DailyAccrualFund |
Oct 31, 2011 | $0.035 | DailyAccrualFund |
Sep 30, 2011 | $0.033 | DailyAccrualFund |
Aug 31, 2011 | $0.035 | DailyAccrualFund |
Jul 29, 2011 | $0.036 | DailyAccrualFund |
Jun 30, 2011 | $0.033 | DailyAccrualFund |
May 31, 2011 | $0.031 | DailyAccrualFund |
Apr 29, 2011 | $0.031 | DailyAccrualFund |
Mar 31, 2011 | $0.030 | DailyAccrualFund |
Feb 28, 2011 | $0.023 | DailyAccrualFund |
Jan 31, 2011 | $0.029 | DailyAccrualFund |
Dec 31, 2010 | $0.025 | DailyAccrualFund |
FFRSX - Fund Manager Analysis
Managers
Steven Wagner
Start Date
Tenure
Tenure Rank
Dec 03, 2010
11.5
11.5%
Mr. Wagner joined Federated in 1997 as an analyst in the high yield area and has been Senior Investment Analyst and Vice President of Federated Investment Management Company since 2003. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.
Todd Abraham
Start Date
Tenure
Tenure Rank
Dec 03, 2010
11.5
11.5%
Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.
Mark Durbiano
Start Date
Tenure
Tenure Rank
Dec 03, 2010
11.5
11.5%
Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.
B. Anthony DelSerone
Start Date
Tenure
Tenure Rank
May 31, 2015
7.01
7.0%
B. Anthony Delserone, CFA, Senior Portfolio Manager, has been the Fund's portfolio manager since May of 2015 and the Bank Loan Affiliated Fund portfolio manager since its inception August of 2010. Mr. Delserone is a Senior Portfolio Manager and is responsible for day to day management of the Fund focusing on asset allocation, interest rate strategy and security selection. From 1998 through 1999, Mr. Delserone was a Senior Investment Analyst and an Assistant Vice President of Federated. He has been with the Federated since 1998; has worked in investment management since 1984; has managed investment portfolios since 1999. Education: B.B.A., The College of William and Mary in Virginia; M.B.A., Sellinger School of Business, Loyola College of Maryland.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.0 | 3.25 |